Citigroup stake The U.S. government agreed to become the biggest single shareholder in Citigroup on Friday, in the latest attempt to save the ailing financial group and to shore up the country’s banking system. The partial “nationalization” will give the government a stake of up to 36 % in the troubled lender, capping a spectacular fall from grace for what was one of the world’s largest financial institutions. At last Friday’s share price, the market value of Citigroup, which has some US$1,600B in assets and operations in 130 countries, was less than US$9B.
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